Trump Announces Plans For New Steel Plant In Iowa

September 28, 2026 4:24 pm

WASHINGTON (AP) — President Donald Trump is announcing a new $15 billion steel plant in Iowa being built with backing from an Indian conglomerate. The White House says the project will create the largest steel plant in U.S. history. The White House said Trump will announce the project on Monday alongside steel industry executives and commerce officials. It comes as Trump is trying to energize voters ahead of difficult midterm races including in Iowa, where governor and Senate seats have become competitive. The new mill in eastern Iowa is being built by Mesabi Metallics, a Minnesota-based company owned by India’s Essar Group, an industrial conglomerate.